Profit Sharing · DOL Form 5500 · 2023

Board of Trustees - Steamfitters Local 602 Retirement Savings Plan Profit Sharing Plan

Data updated 2026-08-25

$445M
Total assets Above avg plan size
5,155
Participants Above avg headcount
97th
Percentile by assets National rank
$86,318
Avg per participant Below avg balance/head
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Official DOL plan name: Steamfitters Local 602 Retirement Savings Plan Savings Plan · Sponsored by Board of Trustees - Steamfitters Local 602 Retirement Savings Plan · Maryland · Construction

$445M in assets, 5,155 participants

Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's Steamfitters Local 602 Retirement Savings Plan Savings Plan reported $445M in total assets and 5,155 participants in its 2023 DOL Form 5500 filing, ranking in the 97th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,745 in Construction (9,030 peers)

Coverage in Maryland

Steamfitters Local 602 Retirement Savings Plan Savings Plan covers 5,155 participants in Maryland, 5.5x the typical Maryland plan (state average ~929 per filing). Assets: $445M.

#8,745
in Construction (9,030 peers)
+21.8%
assets growth YoY
4.5×
vs typical plan assets (national mean)

Steamfitters Local 602 Retirement Savings Plan Savings Plan's outsized position by total assets

Steamfitters Local 602 Retirement Savings Plan Savings Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$444,967,613 Top 3% higher than 97% of 127,068 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

Steamfitters Local 602 Retirement Savings Plan Savings Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Steamfitters Local 602 Retirement Savings Plan Savings Plan lands in the large band (5,155 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Steamfitters Local 602 Retirement Savings Plan Savings Plan reported net income rose from -$57M in the plan year 2022 filing to $80M in the plan year 2023 filing.
  • Steamfitters Local 602 Retirement Savings Plan Savings Plan end-of-year assets rose from $365M in the plan year 2022 filing to $445M in the plan year 2023 filing.
  • Steamfitters Local 602 Retirement Savings Plan Savings Plan reported participants fell from 5,177 in the plan year 2022 filing to 5,155 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 522187219 · Board of Trustees - Steamfitters Local 602 Retirement Savings Plan PY 2023 · Profit Sharing

Steamfitters Local 602 Retirement Savings Plan Savings Plan · $445M · 5,155 · 97th

  • TYPE $445M
  • TYPE 5,155
  • TYPE 97th
  • TYPE Profit Sharing
  • TYPE near The Savings Plan for Lilly Affiliate Employees in Puerto Rico
  • TYPE ind #8745

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Construction retirement plans → · Plans in Maryland →

Steamfitters Local 602 Retirement Savings Plan Savings Plan in the asset neighbourhood

Hawaii Electricians Annuity PlanHawaii Electricians Annuity …$450MThe Lee Company Profit Sharing PlanThe Lee Company Profit Shari…$449MSteamfitters Local 602 Retirement Savings Plan Savings PlanSteamfitters Local 602 Retir…$445MThe Savings Plan for Lilly Affiliate Employees in Puerto RicoThe Savings Plan for Lilly A…$442MOrlando Health, Inc. Retirement Savings Plan 401aOrlando Health, Inc. Retirem…$441M
End-of-year total assets ($M) among Steamfitters Local 602 Retirement Savings Plan Savings Plan and nearest nationwide Profit Sharing peers. Source: DOL Form 5500 plan year 2023.

Maryland filing particulars

Total Assets (Beginning of Year)$365M
Net Assets (End of Year)$445M
Net Income$80M
Employer EIN522187219
Plan Effective Date1999-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Board of Trustees - Steamfitters Local 602 Retirement Savings Plan)

Sponsor-wide plan assets over time

All Board of Trustees - Steamfitters Local 602 Retirement Savings Plan plans reported in each filing year

Latest sponsor-wide plan assets
$522M 42.87582229292038% vs 2022
2024 filing year
$300M$350M$400M$450M$500M$550M 202220232024 $365M $522M ▲ +42.9%
Year Plans Participants Total Assets
2022 1 5,177 $365M
2023 1 5,155 $445M
2024 1 4,949 $522M

Nearby Profit Sharing Plans in Maryland

Peer Profit Sharing plans, same state, same plan type, ranked by total assets.

Steamfitters Local 602 Retirement Savings Plan Savings Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants Scatter plot of 6 data points. 050001000015000200002500030000 00.511.522.53 Total assets ($B) Participants Steamfitters Local 602 Retirement Savings Plan Savings Plan, Total assets ($B): 0.444967613 · Participants: 5155Steamfitters Local 602 Retirement Savings Plan Savings PlanSprinkler Industry Supplemental Pension Fund, Total assets ($B): 2.639738544 · Participants: 25150Sprinkler Industry Supplemental Pension FundNfl Player Annuity Program, Total assets ($B): 1.696874072 · Participants: 2736Nfl Player Annuity ProgramMajor League Baseball Players Investment Plan, Total assets ($B): 1.082318546 · Participants: 4293Major League Baseball Players Investment PlanInternational Painters and Allied Trades Industry Annuity Plan, Total assets ($B): 0.621995078 · Participants: 10625International Painters and Allied Trades Industry Annuity PlanNfl Player Capital Accumulation Plan, Total assets ($B): 0.616701046 · Participants: 2701Nfl Player Capital Accumulation Plan
Steamfitters Local 602 Retirement Savings Plan Savings Plan vs. nearby Profit Sharing plans in Maryland, assets vs. participants
Compare Steamfitters Local 602 Retirement Savings Plan Savings Plan side-by-side with 3 peers →

Scale composition for Steamfitters Local 602 Retirement Savings Plan Savings Plan

Steamfitters Local 602 Retirement Savings Plan Savings Plan reports $445M in end-of-year assets across 5,155 participants (0.004% of the $12.3T held by all Form 5500 filers in the national rollup , and 0.005% of 93,925,755 covered participants) - about $86,318 per participant (62% of the national average assets-per-participant) . Net income for plan year 2023 was $80M.

This plan identity (EIN 522187219, plan #001) has 3 Form 5500 filings on file from 2022 to 2024 , with end-of-year assets moving from $365M to $522M (+42.9%) while covered participants moved from 5,177 to 4,949 . Single-year sparse filers cannot show that trail.

Plan year Participants EOY assets Filing
2022 5,177 $365M Open filing
2023 5,155 $445M This page
2024 · index core 4,949 $522M Open filing

The same sponsor also keeps 1 other index-core plan on PlainRetire:

Steamfitters Local 602 Retirement Savings Plan Savings Plan's out-of-state Profit Sharing peers by assets and headcount

Outside Maryland, the nearest Profit Sharing by assets is The Savings Plan for Lilly Affiliate Employees in Puerto Rico in PR ($442M); by covered participants it is Bricklayers and Stone Masons of Illinois DC No.1, B.a.C. Annuity Fund in IL (5,176 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($445M here).

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Steamfitters Local 602 Retirement Savings Plan Savings Plan assets move in 2023? ▼
Steamfitters Local 602 Retirement Savings Plan Savings Plan grew sharply - up 21.8% during 2023, from $365M to $445M. Reported net income was $80M.
How have Board of Trustees - Steamfitters Local 602 Retirement Savings Plan plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Board of Trustees - Steamfitters Local 602 Retirement Savings Plan's sponsor-wide assets grew 42.9%, from $365M to $522M.
Where does Steamfitters Local 602 Retirement Savings Plan Savings Plan rank by assets among Form 5500 filers? ▼
Steamfitters Local 602 Retirement Savings Plan Savings Plan ranks in the 97th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which Profit Sharing plans are similar in size to Steamfitters Local 602 Retirement Savings Plan Savings Plan? ▼
Among Profit Sharing plans in other states, the closest by assets is The Savings Plan for Lilly Affiliate Employees in Puerto Rico in PR ($442M, 1,114 participants).
Which Profit Sharing plans cover a similar participant headcount to Steamfitters Local 602 Retirement Savings Plan Savings Plan? ▼
Among Profit Sharing plans in other states, the closest by covered participants is Bricklayers and Stone Masons of Illinois DC No.1, B.a.C. Annuity Fund in IL (5,176 participants, $267M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 522187219.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.